Online casinos have been a great way to pass leisure hours. They are by far one of the best places for trying out luck. However, the withdrawal of funds gives a similar sense of happiness since money coming your way is always joyous.
There are multiple tips that one must keep in mind regarding casino withdrawals.
Be Aware of The Online Casino Withdrawal Process
With online casinos gaining popularity each day, it is easier to access them from all corners of the globe.
One can gamble while sitting at home or from any place at their convenience. Before joining a casino, one needs to check the withdrawal process that the casino offers thoroughly. It is essential for enabling an easy online casino withdrawal.
The withdrawal process is however expected to be simple in licensed casinos like the UKGC, offshore licenses from Curacao, Malta, Gibraltar, and Kahnawake regardless of if you are a newbie, veteran, or a pro at online casinos.
Find an online casino that supports your currency since adding other currency conversions is even more difficult to process. CaptainGambling is one such site, which has been aiding sports betting enthusiasts with detailed updated news which makes their decision easy.
Manual Flushing, Withdrawal Lock, and Reversal
Multiple online casinos prefer manual flushing for bypassing the 24-48 hour pending phase.
It is however necessary to interact with the customer service team at online casinos within 1 hour of a withdrawal request. It is always a better idea to inform them before the time for finding out about the manual flush process.
Withdrawal Lock ensures that future withdrawal requests avoid the pending step of 1 to 2 days. It is an account-level setting option that is not available at all casinos. One should inquire about it to help with easy withdrawals.
Withdrawal reversals help in the cancellation of a recent withdrawal request. It is important when a punter wishes to resubmit his withdrawal for another amount. If an online casino offers this option, one usually has 24 to 48 hours to do so.
Understanding Withdrawal Limitations
Apart from the withdrawal option, one also needs to be aware of the withdrawal restrictions.
Mostly, all online gambling platforms offer a cap on the number of withdrawals allowed from an account. Also, the maximum withdrawal amount differs too. Some casinos provide a $500 maximum withdrawal whereas some might even offer $100,000.
The real mark of credibility is the multiple payment options that casinos offer from debit & credit cards to e-wallets like Skrill, Neteller, PayPal or wire transfers and so much more. Most casinos have a minimum wagering requirement.
For example, to use up a $50 sign-up bonus, one needs to fulfill a 20x wagering criteria. For choices in the Sports Betting area, players usually have access to top aggregator websites that provide the best comparative view of features and offers.
Keep An Identification Document at All Times
A punter must always ensure that he has some form of government-approved identification with himself.
However, multiple offshore casinos that are licensed under Curacao e-gaming, and the Malta gaming association offer no KYC process where punters do not need to undergo a long verification process for creating a gambling account or withdrawing funds.
Casinos that need KYC have norms. Documents required by them could be in the form of readable images or scans of your driving license/passport. Online casinos need to confirm a person’s identity and legality pre-withdrawal.
It also helps in ensuring that a punter is the rightful owner of the gambling account on their website.
Keep A Check on Sufficient Funds
In most online casinos, a punter cannot withdraw all his balance into the bank account.
The UKGC promotes responsible gambling in order to reduce gambling harms. Thus, gamblers must keep a check on their spending as well as earnings from gambling in order to not go bankrupt.
There is a major difference between the total available amount and the withdrawal limit. Most casinos segregate withdrawable funds from the total balance for punters to easily understand.
Faster withdrawals can always be achieved at online casinos when all the above-mentioned conditions are met.
Always be wise at choosing a gambling platform and pick a payment option with quicker withdrawals than other options. Check for reviews and ratings before landing upon a casino and always ensure the legality of the platform to avoid major scams in the future.